There Are Other Related Mathematical Programming Techniques That Can Be

question 13

Multiple Choice

There are other related mathematical programming techniques that can be used instead of linear programming if the problem has a unique characteristic.If the problem is best solved in stages or time frames we should use which of the following methodologies?

• A)Goal programming
• B)Temporal programming
• C)Integer programming
• D)Genetic programming
• E)Dynamic programming

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Definitions:

Business Revenues

The income generated from the sale of goods and services before any costs or expenses are deducted.

Economic Losses

The difference when total costs exceed total revenues, indicating a negative outcome from business activities.

Principal-Agent Problem

A conflict in priorities between a person or group (the agent) making decisions on behalf of another person or group (the principal).

Negative Externality

A cost that affects a party who did not choose to incur that cost, often associated with production or consumption of goods and services.